2026-09-20T04:27:11Zhttps://ecommons.cornell.edu/server/oai/requestoai:ecommons.cornell.edu:1813/1156212026-05-15T19:41:58Zcom_1813_35col_1813_47
Kim, Alexander
Tchistyi, Alexei
Charles, Suzanne
2024-10-16T20:14:26Z
2024-10-16T20:14:26Z
2023-12
ProQuest Submission ID: 12012
ProQuest Publication ID: 30813220
https://hdl.handle.net/1813/115621
http://doi.org/10.7298/0576-1f49
16454765
32 pages
This thesis examines the changes in the valuation of apartments and the premiums paid based on spatial characteristics, demographics, amenities, and neighborhood qualities in post-pandemic New York City. It is argued that traditional factors, such as proximity to the Central Business District and other prime locations such as Central Park, subway stations, and popular retail destinations like Starbucks have become less attractive to tenants due to the pandemic's effects on living and working habits. The study further investigates the growing importance of amenities and retail space in the building to post-pandemic residents. The analysis is contextualized within the historical redlining practices that shaped New York City's neighborhoods, affecting the distribution of essential workers and remote workers across the city.
en
Apartment
Coronavirus
Multifamily
Pandemic
Real Estate
Valuation
RETHINKING MULTIFAMILY VALUATION IN NEW YORK CITY: THE IMPACT OF THE COVID-19 PANDEMIC ON APARTMENT PREMIUMS
dissertation or thesis
https://newcatalog.library.cornell.edu/catalog/16454765
application/pdf
Hotel Administration
Cornell University
Master of Science
M.S., Hotel Administration
https://hdl.handle.net/1813/59810.2
Publication
Cornell Theses and Dissertations
Kim, Alexander
5893a6ea-7af3-41d7-abc6-04bcd26ab5df
open.access
open.access
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<Abstract>This thesis examines the changes in the valuation of apartments and the premiums paid based on spatial characteristics, demographics, amenities, and neighborhood qualities in post-pandemic New York City. It is argued that traditional factors, such as proximity to the Central Business District and other prime locations such as Central Park, subway stations, and popular retail destinations like Starbucks have become less attractive to tenants due to the pandemic's effects on living and working habits. The study further investigates the growing importance of amenities and retail space in the building to post-pandemic residents. The analysis is contextualized within the historical redlining practices that shaped New York City's neighborhoods, affecting the distribution of essential workers and remote workers across the city.</Abstract>
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